4//SEC Filing
Cartwright Brian G. 4
Accession 0001179110-19-003361
CIK 0000920424other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 7:23 PM ET
Size
6.3 KB
Accession
0001179110-19-003361
Insider Transaction Report
Form 4
Cartwright Brian G.
Director
Transactions
- Disposition to Issuer
Common Stock
2019-03-01$30.30/sh−17,613$533,674→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of November 6, 2018, by and among Virtu Financial, Inc., a Delaware corporation ("Virtu"), Impala Merger Sub, Inc., a Delaware corporation ("Merger Sub") and an indirect wholly owned subsidiary of Virtu, and Investment Technology Group, Inc., a Delaware corporation (the "Company"), at the effective time of the merger (the "Effective Time") of Merger Sub with and into the Company, with the Company as the surviving entity and an indirect wholly owned subsidiary of Virtu, 14,051 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), owned by the reporting person were converted into the right to receive $30.30 per share in cash without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted stock unit ("RSU") granted by the Company fully vested and converted automatically into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such RSU immediately prior to the Effective Time and (ii) the Merger Consideration of $30.30 per share. Accordingly, 3,562 RSUs granted to the reporting person on June 7, 2018 under the Company's stock plan, which would have vested into Common Stock on the day immediately preceding the Company's next annual meeting of stockholders at which directors would be elected or reelected by the Company's stockholders, fully vested in connection with the Merger in exchange for cash.
Documents
Issuer
INVESTMENT TECHNOLOGY GROUP, INC.
CIK 0000920424
Entity typeother
Related Parties
1- filerCIK 0001580807
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 7:23 PM ET
- Size
- 6.3 KB